The Fiscal Cliff is more than a Cliff, it is a Global Catastrophe

Headlines all over the main News Read:

Washington Post: "Both sides seem upbeat on opening round of Fiscal cliff talks." CNN Money: "Fate of paychecks rests on fiscal cliff." CNN Politics: "A search for 'common ground: Fiscal cliff negotiations begin."

The NY Times explains the Fiscal Cliff:

Q.What's the fiscal cliff?

A. The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect following Jan. 1 - for fiscal year 2013 alone - unless Mr. Obama and Republicans reach an option deficit-reduction deal. Ben Bernanke, the chairman of the Federal Reserve, who's not identified for catchy phrases, coined the metaphor "fiscal cliff" last winter to warn of the unsafe however avoidable drop-off ahead inside the nation's fiscal path. It stuck.

Q.If we go more than this so-called cliff, what takes place?

A. Taxes would rise for practically each taxpayer and numerous organizations. Financing for most federal programs, military and domestic, could be reduce. A lot of economists say that even though annual spending budget deficits are too high, these new taxes and spending cuts will be an excessive amount of deficit reduction, also suddenly, to get a weak economic climate. Greater than $500 billion equals roughly 3 percent to four percent of gross domestic item. The Congressional Spending budget Office has mentioned the result would be a brief recession, although some analysts say the measures may be managed so they do much less harm.

Is the American Economic climate on the Edge on the Fiscal Cliff?

Totally. When we fall off, there will be no parachute that may be accessible to conserve us. It'll be a hard landing. Hang on tight boys. The Great Depression will look like child's play evaluate to what we're about to face.

With its present economic policy, The United states of America had jeopardized our development by digging us in to the greatest Debt Bubble ever. They, the Federal Reserve, with the backing of the U.S. Government was permitted to print (Print Money, therefore decrease interest rates) us into oblivion. Every one of the Central Bankers are printing money so they can compete with the low interest of the international currency, the American Dollar.

Once the government tries to intervene the organic seasonal cycles of capitals by artificially stimulating the economy, the predictable devastating punishment will likely be an historic deflation, subsequently followed by a horrifying hyperinflation which inevitably generates run away prices.

Since the Government had intervened for the longest time by manipulating the economy by printing a big sums of dollars, the aftermath will not be a straightforward recession, but a higher depression. "We arrive in the world naked, and we leave the entire world naked, so the Federal Reserve Bank is just undertaking God's function." They can be slowly stripping away the value from the dollar by continuing to print them on automatic pilot with absolutely no remorse or concern for the economic influence that it's going to have.

Peter Schiff Explains the current Economic Circumstance about the Fiscal Cliff.

Watch this video by Peter Shiff as he clearly explains our current financial predicament, in what's now generally known as the Fiscal Cliff:

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